Rising Wedge

Bank Nifty - Is this A Rising Wedge from 47898 As discussed early morning .... 49000 was our key & psychological level ... Index dropped & came close to 48500-48600 zone Falling From 49000 Level Support Zone 48500-48600 Makar Sankranti marks the Sun's transition into Capricorn and the beginning of an auspicious period. Historically, equity markets turn optimistic post-Makar Sankranti, driven by cultural sentiment and Budget expectations. Will Budget 2025 keep the trend alive? 🌞 This comes after a 26-day fall in major benchmark

BTC.D Breakdown Signals Start of Altcoin Season BTC.D has broken its rising wedge support and retested the lower wedge support, which is now acting as resistance. Additionally, the MA 50 and MA 200 have formed a bearish cross, signaling a potential decline of CRYPTOCAP:BTC.D at least 10%. This scenario could trigger altcoin rallies, potentially delivering returns of 5x to 25x, marking the start of the altcoin season.

by crypto_vulture_signals

Real Success Rates of the "Rising Wedge" in Trading Real Success Rates of the Rising Wedge in Trading Introduction The rising wedge, also known as the "rising wedge" in English, is a chart pattern that has a remarkable success rate in trading. This analysis details its performance, reliability and complementary indicators to optimize its use. Success Rate and Performance -Key Statistics Overall success rate: 81% in bull markets Average potential profit: 38% in an existing uptrend -Breakout Direction Bearish: 60% of cases Bullish: 40% of cases

by Le-Loup-de-Zurich

GBPUSD rising wedge GBPUSD rising wedge breakdown in day timeframe MACD negative diversion

by MDstockmagic

AsianPaints | Wyckoff Events & Phases Explained !!Wyckoff developed a price action market theory which is still a leading principle in today's trading practice. The Wyckoff method states that the price cycle of a traded instrument consists of 4 stages – Accumulation, Markup, Distribution, and MarkDown. 👉TEXTBOOK EXAMPLE Accumulation Schematic: Wyckoff Events and Phases Price Action Analysis And this is the accumulation stage - 1) PS— Preliminary Support, where substantial buying begins to provide pronounced support after a continued dow

by ReviveTraders

BankNifty ( Elliott Wave) - Will 51700+ Be The Short Term Top Disclaimer: This is not a solicitation to buy or sell any financial instruments. Please consult your financial advisor. Explore the latest Bank Nifty analysis with WaveTalks. Will 51700+ be the short-term top? Discover insights and potential market moves as we decode the whispers of the market. Stay informed with WaveTalks - Market Whispers! Let's Jump In ... As discussed in the last idea published on 29th August, it was suggested that holding the 50938 / 50939 critical level, Inde

BITCOIN: Bearish - Double TOP + Rising Wedge BITCOIN: Bearish – Double TOP + Rising Wedge The market could go back down to around $58 000. In addition, detection of a possible double top on Bitcoin which would bring the price down to around $48 000 Watch for the 50 and 200 exponential moving averages, as well as the Ichimoku levels, and RSI. be careful

by Le-Loup-de-Zurich

DRREDDY - PRICE REENTERING RISING WEDGE CHANNEL Hi All, This idea is about Dr Reddys Lab Fundamentals Mkt Cap - 106810 Cr Stock PE - 19.2 ROE - 21% ROCE - 27% Mkt Cap/Sales - 3.8 OPM - 28% Technicals Price was pushed back to follow the rising wedge pattern & if it sustains above the marked (white line) resistance, can further show an upside of 8-10% to reach the upper channel of rising wedge Happy Trading, Thanks, Stock-n-Shine

by Stock-n-Shine

BankNifty - Is this An Ending Diagonal at Tops 51404 WaveTalks ...Market Whispers! ...Can You Hear Them? Disclaimer: This commentary is not a solicitation to buy or sell. Please consult your financial advisor As discussed this morning......catching the wave 4 bottoms & watching 5 unfolding in back to back ups & downs with a minor halt at 51251 have we unfolded an ending diagonal at the tops of 51404 Wave 4 Bottoms this morning close to 51000 as discussed Wave 5 - Is this an ending diagonal unfolded at the current high of 51404

Nifty at a Glance: This Week's Market Momentum Nifty Outlook: A Pivotal Week Ahead Nifty remains weak as we enter a crucial week. The index faces stiff resistance at 24,450. A close above this level could open the door to 24,725, but failure to hold it may trigger a drop. Key support lies at 24,150; breaching this could lead to a decline towards 23,850. Adding to the bearish tone, Nifty has broken down from a Rising Wedge pattern, with a potential target around 21,300. This week is critical—watch these levels closely as the market navigate

06:16

DOGECOIN: Rising wedge + R.O.C Divergence DOGECOIN: Rising wedge + R.O.C Divergence The Wolf of Zurich has detected an ascending wedge + A nice divergence on the R.O.C = Rate Of Change, which indicates the variation of the Momentum of the underlying. To watch the 50 and 200 exponential moving averages The Fibonacci and ICHIMOKU levels

by Le-Loup-de-Zurich

Consolidation breakout is on the cards!Vguard has been consolidating from 2018 in a rising wedge pattern. Today, the stock has given a breakout of its ATH and is currently looking bullish. However, the best entry for the stock is 255-260 with a SL of below 235 DCB for minimum target of 300. The stock can give multibagger after a upward breakout of the pattern. Idea is shared for educational purposes and should not be considered as a recommendation.

by chartistamey

BankNifty Rising Wedge Resistance - Breakout OR Breakdown?Bank Nifty: on the monthly timeframe, the 53,000 level stands out as a crucial resistance line. The market's next significant move is contingent upon a decisive close above this barrier in the lower timeframe. The current pattern resembles a rising wedge.

by BreakoutStocks

SENCO - POST 20% CORRECTION, PA MIGHT REVERSE FRM BOTTOM CHANNEL Hi All, This idea is about Senco Gold Ltd The stock has corrected over 20% in this month alone & now have reached the lower channel of rising wedge formation. Volumes have dried up indicating the supply may have exhausted & Price action might soon reverse from this point Stock can be bought if it gives a closing above 980 for further targets of T1 1010, T2 1070, T3 1150. If the stock shows further downside then the support levels are S1 916, S2 864 The correction is due to poor quaterly re

by Stock-n-Shine

Adaniport Looks good for the swing trading. Rising Wedge pattern. Bottom trendline support is taken, we can see some upmove till the 1520-1540.

by isagar_chauhan_

Nifty Reaches 24,500 Target: Elliott Wave Analysis Disclaimer: ------------------------ Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell. WaveTalks - Market Whispers: Can you hear them? ---------------------------------------------------------------------------------------------- General Election 2024: Impact on Nifty The 2024 General Election resulted in a clear victory for the existing NDA government, with Prime Minis

SUNDARAM FINANCE - RISING WEDGE SINCE AN YR Hi All, This idea is about Sundaram Finance Holding Fundamentals Market Cap - 6k Cr Mkt Cap/Sales - 20.9 ROE - 12% P/BV - 1.27 Div Yield - 2.81% Technicals Price action has been in a rising wedge pattern since Jul 23 & currently consolidating at the bottom of channel for past few days. It can give a upmove of nearly 25% in very short term. Traders can take positional trades to capture the move. There is a small resistance for which traders need to be careful. Price reverted twice from

by Stock-n-Shine

Great Shorting opportunity in ABB ABB is around the Long Term Resistance ABB is up almost 1200% in last 4 years ! Which is very extraordinary. If we analyse Monthly timeframe analysis then we can clearly see Stock is around the long term channel Resistance. Resistance is coming around 9200-9300 Also to confirm the same resistance, on a Daily timeframe we can see Rising channel which is seems working and stock is around the resistance. Right now stock is around 9200-9100 and if stock falls from the highs then we can ex

Endurance-A good auto ancillary stock for long term Currently, stock has given breakout from resistance and can be taken as a quick swing trade for 2300 target. Stock has a strong trendline supply zone which is around 2300. If this level breaks out, we can see huge rally in the stock and can be held for long term. Stock has good fundamentals and only around 2% is public holding. Good bet in EV sector theme.

by chartistamey

CRUDE is ready to go up from long term Support Crude oil will blast upside if Support is held !! Crude Oil (MCX) is around 6200 Its long term Support or Law of Polarity is around 5900-6000 These channels are working since 2015 in Crude Linear chart Price action & RSI is indicating that Crude to take support around these levels. Thank You !!

ETH : 3 important patterns detected ETH : 3 important patterns detected On the decline : 1- Rising Wedge The price can go lower to 56 000$ _______________________________ On the rise : 2- Falling Wedge : The price can rise to 4 144 $ 3- Bullish Pennnat : The price can reach 4 892 $ _________________________________ To monitor : - EMA.50 and EMA.200 - ICHIMOKU levels : Tenkan and Kijun

by Le-Loup-de-Zurich

LODHA Infra will correct from here Lodha is trading around the resistance This is linear chart of LODHA in weekly timeframe Stock is trading in a rising channel Currently stock is around the resistance of Rising channel which is coming around 1450-1500 Fresh Buy could be very risky around these levels And if anyone is holding then Trailing Stop Loss would help them to grab maximum profits. Thank You !!

Nifty - Pre Exit Poll Outlook: Bulls Above 22,400 Disclaimer: Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell. WaveTalks - Market Whispers: Can you hear them? ----------------------------------------------------------------------------------------------- Key Levels to Watch: - Immediate Resistance: 23,000 What Unfolded Last Week: The index retraced 600 points, making a low of 22,417 as expected pause below 23000 in

Nifty Explosive (Part 3): From 22,000 to 23,000 in Record Time! Disclaimer: Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell. WaveTalks - Market Whispers: Can you hear them? ----------------------------------------------------------------------------------------------- Nifty Index Outlook - May 24, 2024 Overview In our last analysis, we emphasized the importance of having both a primary plan (Plan A) and an alternative plan